Morgan Stanley survey: Wall Street interns are passionate about predicting markets and AI; 68% use AI tools every day

Comparatively, the Morgan Stanley Equities Research Team conducted an annual survey of more than 500 North American summer interns, most of whom were under the age of 21. Over a quarter of interns said they had used predictive market apps in the past year, with Kalshi and Polymarket being the most common choices; 55% of users used multiple betting apps at the same time.

The prediction market is receiving more scrutiny in the US, and several states have taken legal or regulatory measures against related platforms. The Morgan Stanley Employee Code of Conduct covers trading and investment matters, including predicting the market, but no further details were disclosed by people familiar with the matter. According to another national survey, 21% of US adult respondents have used predictive marketplaces, and 37% of people aged 18 to 34 have used predictive marketplaces.

On the AI side, 68% of interns use AI tools every day, up from 35% last year and 14% in 2024; about 70% paid for AI tools at their own expense, up from 52% last summer. Meanwhile, 61% of respondents are concerned that AI will replace financial jobs, and 74% are concerned about job substitution in other industries. More than 60% of people are interested in using humanoid robots at home, and 10% say they may become early adopters.